The United States House of Representatives, by a vote of 430-12, joined the Senate in passing the Unemployment Insurance Bill, which contains the Homebuyer Tax Credit extension and expansion. The bill was signed into law by President Obama on Friday, November 6.
Details about the changes to the Home Buyer Tax Credit are available on NAR's website:
NEW NAR Issue Brief: Home Buyer Tax Credit Changes (PDF)
NEW Frequently Asked Questions (PDF)
Tax Credit Resources
The Basics: 2009 First-Time Home Buyer Tax Credit
In-Depth: 2009 First-Time Home Buyer Tax Credit
Home Buyer Tax Credit Brochure (PDF)
First-Time Buyer Tax Credit Available for Down Payment, Closing Costs
Marketing Resources for Agents
Click the link below to download a high-resolution PDF for print:
First-time home buyers are now eligible for a new $8,000 tax credit